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Property profile & analytics
OFF-MARKET
Estimated value
$30,365,000
Hotels
800 Wolfe St, Baltimore, MD 21205-2104
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1841178
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Total area
275,450 SF
Lot
1.22 ac (52,969 SF)
Zoning code
BSC
APN
07-11-1602 -002
UPID
US40-1841178
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr Robert Samuel Mayer, M.D. Physician Medical Clinic
-
Residence Inn Baltimore at The Johns Hopkins Medical Campus Hotel & Motel
-
16 On The Park Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.37M
Owner & transaction history
Lsh Ge Gateway 2 LLC · 9 yrs held
Lsh Ge Gateway 2 LLC
since 2017
1 recorded transaction
Zoning & alternative use
BSC · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$50.4M
+18.8%
Commercial (general)
$45.4M
+7.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Baltimore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Baltimore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$42,465,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$50,445,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$45,415,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$41,900,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$40,025,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$30.37M
Range $27.33M – $33.40M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$692,574
Tax year 2023
Assessed value
$29,346,367
Assessed 2023
Previous assessed
$28,282,400
+3.8% YoY
Effective rate
2.36%
On assessed value
Land market value
$794,500
Improvement market value
$30,679,800
Total market value
$31,474,300
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2018
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
15
Units
2
Total area
275,450 SF
Lot
1.22 ac (52,969 SF)
Zoning code
BSC
APN
07-11-1602 -002
UPID
US40-1841178
Jurisdiction
BALTIMORE CITY
Zoning & alternative use
BSC · Baltimore, MD
Zoning BSC · permitted uses
BSC · Baltimore, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Baltimore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$42.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$50.4M
COMMERCIAL (GENERAL)
Est. value
$45.4M
WAREHOUSE, STORAGE
Est. value
$41.9M
MEDICAL BUILDING
Est. value
$40.0M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
HOT WATER
Cooling
Yes
Stories
15
Buildings
2
Units
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Lsh Ge Gateway 2 LLC
Entity
Mailing address
1829 REISTERSTOWN RD STE #300, BALTIMORE, MD 21208-7106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2017
—
Lsh Ge Gateway 2 LLC
—
Deed
related
$21,000,000 · 1st Mariner Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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